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Updated almost 6 years ago on . Most recent reply

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Manish Shah
  • Investor
  • Parsippany, NJ
5
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45
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non-warrantable condo purchase

Manish Shah
  • Investor
  • Parsippany, NJ
Posted

Please let me know if anybody has references to obtain a loan for non-warrantable condo. I have a option to get at 5.25% as LOC (fixed). So looking for a better option. Have 800+ credit score and flexible on down payment requirement.

Condo is non-warrantable because it has 52.5% investor occupied properties.

Most Popular Reply

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
6,319
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7,929
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Nidia C. wow, 2 years ago!  But this is kind of what Bigger Pockets is good for - you can research topics from any time frame to find an answer.  My suggestion here is to post in the New Jersey forum that you need a non-warrantable condo loan.  Assuming, that's the state the condo is in.  The state forums are a terrific help here if you know what you need but just need it in that state.  You should have some good local people be able to recommend some solutions....without some yahoo from Texas chiming in, lol.  Hope this helps!

  • Andrew Postell
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